Property owners face steep tax increases

Australia – A bull run in Melbourne’s commercial real estate values over the last five years has caused a sharp rise in land tax assessments arriving in landlords and property owners’ mailboxes, rattling many investors. long with stamp duty, land tax is one of the Victorian treasury’s biggest revenue sources, expected to contribute $3.1 billion …

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The priciest estate agents are most likely to overvalue

United Kingdom – Big estate agencies more likely to mislead sellers about property values. Homeowners could be tricked into paying higher rates of commission due to expensive agents misleading them over their properties’s values. The estate agencies most commonly overvaluing properties (saying they’re worth more than they really are in order to win business) are …

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Mortgage Blockchain Technology Startup raises

United Kingdom startup Acre Software raised about $6.5 million to apply blockchain technology to the mortgage and insurance application process for advisers, a press release published on April 4 states. Per the release, nearly three-quarters of UK mortgages are facilitated by advisers, and the company aims to help them retain their position by matching the …

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Estate Agents are over overvaluing Homes

United Kingdom – Popular estate agents are overvaluing homes by up to 20 per cent and then charging the highest commission. An analysis of housing agents found that the big ones including Foxtons, Hamptons International and Chancellors are the worst offenders. ESTATE agents who charge the highest commission fees are overvaluing homes by up to …

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Turnaround in commercial properties

South Africa’s commercial property market made a “significant turnaround” in terms of investment activity last year by increasing 63.4 percent to R19 billion, according to the JLL Sub-Saharan Africa 2018 Investment review released yesterday. “Investment activity recovered notably year-on-year. This is partly attributed to a marked improvement in investor confidence on the back of Cyril …

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